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Corporate Investment Successfully Facilitated the Transaction between Allstate Plumbing & L2M Group, LLC.

Logo of Allstate Plumbing, Austin TX

Corporate Investment is pleased to announce that Allstate Plumbing has been acquired by L2M Group, LLC. Corporate Investment served as the exclusive financial advisor to Allstate Plumbing throughout the transaction, which closed in August 2021.

Allstate Plumbing is an Austin based commercial and residential plumbing company.

Allstate Plumbing specializes in providing 24/7 services including backflow prevention, bathroom and kitchen remodels, boilers and pumps, camera inspections and drain cleaning, fixture repair and replacement, gas lines and testing, hydro jetting, leak detection and repair, scheduled maintenance, sewer line (and system) repair and replacement, toilets installation and repair, tunnel drain replacement, water heaters/tankless water heaters, and water softener installation. Founded in 2002, Allstate Plumbing is a well-known company serving the Greater Austin Area.

“My wife and I planned to retire and eventually relocate to another country,” said Larry Mondik. “I first became acquainted with Corporate Investment when they represented the former owner of Allstate Plumbing when I acquired the company. Their professionalism impressed me which led me to engaging them to sell my company. They prepared my marketing package quickly and diligently and within a very short time we negotiated an LOI with the right buyer – L2M Group, LLC.  Corporate Investment sold my business in just four months, and I was told that the industry average is nine months’ time. Having the Corporate Investment team involved in every step of the process helped get the business sold. I would not hesitate to recommend Corporate Investment to any business owner who wants to sell their business.”

About the other transaction participants

Corporate Investment, founded in 1984, is a leading sell-side M&A advisory firm based in Austin, Texas, representing companies throughout Texas. Corporate Investment works primarily with the owners of private companies in a variety of industries, guiding them through the process to a successful exit. The Corporate Investment team advising on this engagement was led by Senior Associate John Fincher.

Kathy Tremmel with Tremmel Law, PLLC served as the legal advisor to Northwest Repair Services, LLC dba Allstate Plumbing.